1987 CE
A year marked by the Black Monday stock market crash, the INF Treaty between the superpowers, the Intifada in Palestine, and the Montreal Protocol on ozone depletion.
Geopolitics & Diplomacy
- The Intermediate-Range Nuclear Forces Treaty was signed by President Reagan and General Secretary Gorbachev in December, eliminating all ground-launched nuclear missiles with ranges between 500 and 5,500 kilometers.
- Mikhail Gorbachev's policies of glasnost and perestroika continued to reshape the Soviet Union, introducing greater political openness and economic restructuring that would ultimately accelerate the country's transformation.
- The Iran-Contra affair dominated American politics as congressional hearings revealed that the Reagan administration had secretly sold arms to Iran and funneled proceeds to Nicaraguan Contra rebels.
- Margaret Thatcher won a third consecutive term as Prime Minister of the United Kingdom in June, consolidating her political dominance and continuing her program of economic reform.
- Mathias Rust, a West German teenager, flew a small Cessna aircraft from Helsinki to Moscow and landed near Red Square in May, embarrassing Soviet air defenses and leading to military leadership changes.
- South Korea's pro-democracy movement forced President Chun Doo-hwan to accept constitutional reforms in June, including direct presidential elections, ending years of authoritarian rule.
- Fiji experienced two military coups in May and September, led by Lieutenant Colonel Sitiveni Rabuka, overthrowing the elected government and establishing a republic.
- The Esquipulas II peace agreement was signed in August by five Central American presidents, establishing a framework for ending civil wars in the region.
- President Reagan visited the Berlin Wall in June and delivered his famous challenge to Gorbachev to tear it down.
- The Tamil-Sinhalese ethnic conflict in Sri Lanka prompted India to send a peacekeeping force in July under the Indo-Sri Lanka Accord, though the intervention proved controversial and costly.
Conflict & Security
- The First Intifada began in December in the Israeli-occupied Palestinian territories, with widespread Palestinian protests, strikes, and stone-throwing confrontations with Israeli forces.
- The Iran-Iraq War continued with devastating attacks, including Iraqi missile strikes on Iranian cities and Iran's targeting of oil tankers in the Persian Gulf.
- The United States reflagged Kuwaiti oil tankers in the Persian Gulf and provided naval escorts during the Tanker War, leading to confrontations with Iranian forces.
- The civil war in Mozambique continued, with RENAMO rebels and government forces engaged in a conflict that killed thousands of civilians and displaced millions.
- The Remembrance Day bombing in Enniskillen, Northern Ireland in November killed 11 people at a war memorial ceremony, carried out by the Provisional IRA.
- The Afghan civil war continued as mujahideen forces, backed by the United States and Pakistan, fought against the Soviet-supported Afghan government.
- Chad's forces, supported by France, defeated Libyan troops in the Toyota War in the Aouzou Strip, ending Libya's occupation of northern Chad.
- The civil war in Angola continued, with Cuban forces supporting the MPLA government and the United States and South Africa backing UNITA rebels.
- The LTTE carried out a major attack on a Sri Lankan military convoy in April, escalating the civil war between Tamil separatists and the government.
- The Simla bombing in Punjab, India and continued Sikh militant activity underscored ongoing sectarian violence in the region.
Economy & Finance
- Black Monday struck global financial markets on October 19 when the Dow Jones Industrial Average fell 22.6% in a single day, the largest one-day percentage decline in its history.
- The stock market crash spread globally, with markets in Hong Kong, Australia, the United Kingdom, and continental Europe experiencing sharp declines.
- The U.S. economy continued to grow despite the October crash, with GDP expanding at approximately 3.5% and unemployment declining.
- Japan's economy boomed, with the asset price bubble inflating further as stock prices and real estate values soared to unprecedented levels.
- The Louvre Accord was signed in February by the G7 nations, agreeing to stabilize exchange rates after the rapid depreciation of the U.S. dollar following the 1985 Plaza Accord.
- The European Community adopted the Single European Act in July, which entered into force and set a deadline for completing the internal market by the end of 1992.
- The Soviet economy continued to stagnate despite Gorbachev's reform efforts, with declining productivity, consumer shortages, and growing public frustration.
- Oil prices recovered somewhat from their 1986 collapse, with OPEC attempting to restrain production, though prices remained well below the peaks of the early 1980s.
- Latin American nations continued to struggle with the debt crisis, with Brazil declaring a moratorium on interest payments to foreign banks in February.
- The U.S. trade deficit widened, prompting political debates about Japanese and European trade practices and the competitiveness of American industry.
Technology & Infrastructure
- The Supernova 1987A was observed in February, the closest supernova visible from Earth since 1604 and the first to be studied with modern telescopes and neutrino detectors.
- IBM and Microsoft's relationship began to fracture as the companies pursued divergent strategies for personal computer operating systems.
- The first permanent transatlantic telephone fiber-optic cable was planned, with construction underway for completion in 1988.
- The Macintosh II was released by Apple in March, the first Macintosh with a color display and expandable architecture.
- Digital audio technology advanced with the growing adoption of compact discs and the development of digital audio tape as a recording medium.
- The Soviet Union launched the Mir space station's Kvant-1 module in March, expanding the capabilities of the orbiting laboratory.
- Cellular phone networks continued to expand in major metropolitan areas, though mobile phones remained expensive and primarily used by business professionals.
- The development of TCP/IP networking continued to advance, with the internet connecting approximately 30,000 computers at universities and research institutions worldwide.
Science & Discovery
- Supernova 1987A was observed in the Large Magellanic Cloud in February, providing the first opportunity for modern astronomers to study a supernova explosion in detail.
- The discovery of high-temperature superconductivity in ceramic materials sparked enormous excitement in the physics community, with researchers achieving superconductivity at record temperatures.
- The Soviet Mir space station received its first expansion module, Kvant-1, in April, beginning the station's development into a multi-module orbital complex.
- Research on the human genome continued to advance, with improved gene-mapping techniques accelerating efforts that would lead to the formal Human Genome Project.
- Scientists published research on the biological effects of the Chernobyl nuclear disaster, documenting elevated radiation levels and health impacts across large areas of Europe.
- The existence of dark matter was further supported by observations of galaxy rotation curves and gravitational lensing, though its composition remained unknown.
- Allan Wilson and Rebecca Cann published their mitochondrial DNA study suggesting that all modern humans descended from a common female ancestor in Africa, popularized as the 'Mitochondrial Eve' hypothesis.
- Climate scientists continued to refine computer models of global warming, with projections indicating significant temperature increases from continued greenhouse gas emissions.
- The Cassini mission to Saturn began its planning phase, with NASA and the European Space Agency collaborating on the design of the spacecraft and its instruments.
Health & Medicine
- The HIV/AIDS epidemic continued to expand, with the WHO estimating that approximately 5 million people were infected globally and the virus spreading rapidly in Africa and Asia.
- AZT (zidovudine) was approved by the FDA in March as the first antiretroviral drug for treating HIV infection, though it was expensive and had significant side effects.
- The WHO launched the Global Programme on AIDS in February, establishing the first coordinated international response to the epidemic under Jonathan Mann's leadership.
- Prozac (fluoxetine) was approved by the FDA on December 29 as the first selective serotonin reuptake inhibitor, though it would not be widely available in pharmacies until early 1988.
- Global childhood vaccination campaigns continued to expand under the WHO's Expanded Programme on Immunization, with coverage reaching approximately 50% of the world's children.
- Research on Alzheimer's disease advanced, with scientists identifying genetic markers associated with familial forms of the disease.
- Tuberculosis remained a major global killer, with the disease disproportionately affecting developing nations and increasingly appearing alongside HIV infection.
- The baby M surrogacy case in New Jersey generated national debate about reproductive ethics, parental rights, and the legal status of surrogacy agreements.
- Smoking rates began to decline in some developed nations as public health campaigns and workplace restrictions reduced tobacco consumption.
- Malaria continued to claim approximately 1 to 2 million lives annually, with drug-resistant strains of the parasite complicating treatment efforts in endemic regions.
Climate & Environment
- The Montreal Protocol was signed in September, establishing a landmark international agreement to phase out the production and consumption of ozone-depleting substances.
- The ozone hole over Antarctica reached its largest extent yet, strengthening the scientific and political case for the Montreal Protocol's adoption.
- A devastating earthquake struck Ecuador in March, triggering landslides that destroyed a section of the Trans-Ecuadorian oil pipeline and killed approximately 1,000 people.
- Severe wildfires burned across China's Greater Khingan range in May, destroying approximately 18 million acres of forest in one of the largest forest fires in modern history.
- The Rhine River chemical spill of 1986 continued to affect European environmental policy, with stricter regulations on industrial chemical storage and transport implemented.
- Global atmospheric CO2 concentrations continued to rise, reaching approximately 349 parts per million at the Mauna Loa Observatory.
- Deforestation in tropical rainforests continued at high rates, with growing international concern about habitat loss and species extinction.
- Severe flooding in Bangladesh during the monsoon season affected millions of people and caused extensive damage to agriculture and infrastructure.
- The concept of sustainable development was advanced by the Brundtland Commission's report, 'Our Common Future,' published in April, defining sustainable development for future policy frameworks.
- Oil spills and industrial pollution continued to threaten marine and freshwater ecosystems worldwide, prompting calls for stronger environmental regulations.
Culture & Society
- The global population reached approximately 5 billion, a milestone achieved in July according to United Nations estimates.
- The Simpsons debuted as short animated segments on The Tracey Ullman Show in April, beginning what would become the longest-running American animated series.
- Michael Jackson's Bad album was released in August, producing five number-one singles and reinforcing his status as the world's biggest pop star.
- Platoon won the Academy Award for Best Picture at the ceremony held in March. The Last Emperor, directed by Bernardo Bertolucci, was released later in the year.
- U2's The Joshua Tree was released in March, becoming one of the best-selling albums of the 1980s and establishing the Irish band as one of the world's most popular rock acts.
- The Star Trek franchise expanded with the debut of Star Trek: The Next Generation on television in September, introducing a new generation to the science fiction universe.
- The first Rugby World Cup was held in New Zealand and Australia in May and June, with New Zealand winning the inaugural tournament.
- Andy Warhol, the leading figure of the Pop Art movement, died in February at age 58, prompting reassessment of his influence on contemporary art and culture.
- Van Gogh's Sunflowers sold at auction for approximately $40 million in March, setting a record for a painting at auction and reflecting the booming art market.
- The televangelist scandal involving Jim Bakker drew national attention to financial and moral misconduct among prominent American religious figures.